Natural Gas Services Group (NYSE:NGS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.54 and traded as high as $28.01. Natural Gas Services Group shares last traded at $26.50, with a volume of 68,709 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Natural Gas Services Group Stock Down 3.5 %

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The business’s fifty day moving average price is $26.78 and its two-hundred day moving average price is $23.54. The stock has a market capitalization of $330.97 million, a PE ratio of 20.70 and a beta of 1.12.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the sale, the director now owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 30,000 shares of company stock valued at $847,320. 7.25% of the stock is owned by company insiders.

Institutional Trading of Natural Gas Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in Natural Gas Services Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 3,564 shares during the period. SG Americas Securities LLC acquired a new position in shares of Natural Gas Services Group in the 4th quarter valued at about $128,000. Wells Fargo & Company MN lifted its holdings in shares of Natural Gas Services Group by 31.5% in the 4th quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,443 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after buying an additional 3,056 shares during the last quarter. Finally, FCA Corp TX acquired a new stake in Natural Gas Services Group during the fourth quarter worth about $188,000. Institutional investors and hedge funds own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.